FAT Brands Partners with Foodbuy for Procurement and Supply Chain Services
CHARLOTTE, N.C., February 3, 2020 — Foodbuy, LLC has announced a new partnership with restaurant industry leader FAT Brands Inc. to provide procurement and supply chain services. This collaboration will help FAT Brands maximize its current procurement capabilities as well as open up new avenues for supply chain optimization across its portfolio of branded restaurant concepts.
“Foodbuy shares FAT Brands’ commitment to growth and innovation, and we’re excited to provide them with a unique, tailored approach to meet their procurement and supply chain needs,” said Dennis Hogan, Chief Executive Officer of Foodbuy, LLC. “This collaboration will extend across all of Foodbuy’s foodservice business segments, and we are appreciative of the opportunity to deliver a holistic solution to enhance FAT Brands’ offerings.”
As part of the partnership, Foodbuy will implement proprietary technology that will allow FAT Brands to gain greater visibility to supply chain cost components and will extend custom contracting capability to help deliver products to market faster and within specification. Foodbuy will also provide reporting and business intelligence tools, enabling FAT Brands to build a new platform to benefit future acquired brands and make new transactions easier using a “plug and play” approach.
“We continue to see steady growth for our brands and franchisees as they are integrated into our financially focused and proven marketing and management structures,” said Andy Wiederhorn, CEO of FAT Brands. “This strategic deal with Foodbuy will now provide FAT Brands restaurants that same innovation and optimization when it comes to the supply side – offering a simple digital approach to saving on food cost and eliminating waste.”
About FAT (Fresh. Authentic. Tasty.) Brands
FAT Brands (NASDAQ: FAT) is a leading global franchising company that strategically acquires, markets and develops fast casual and casual dining restaurant concepts around the world. The Company currently owns eight restaurant brands: Fatburger, Buffalo’s Cafe, Buffalo’s Express, Hurricane Grill & Wings, Elevation Burger, Yalla Mediterranean and Ponderosa and Bonanza Steakhouses, and franchises over 380 units worldwide. For more information, please visit www.fatbrands.com.
About Foodbuy, LLC
Foodbuy, LLC is the largest foodservice procurement and supply chain solutions organization in North America and the sole sourcing partner for its parent company, Compass Group North America. Foodbuy manages more than $23 billion in purchase volume, giving them an industry-leading edge when negotiating contracts for Compass Group and Foodbuy Members. For more information, please visit www.foodbuy.com.